Stafford, Derbes & Roy, Inc. v. De Gruy

On January 6, 1926, plaintiff and defendant entered into a written contract under which the plaintiff agreed to sell to the defendant, and defendant to purchase from plaintiff, twelve lots in square 80 “on the map of Stafford, Derbes and Roy, Inc.” The price. agreed upon for the lots was $936, of which amount $78 was paid in cash, and for the balance defendant executed and delivered to plaintiff four notes each for $168 and one for $186; the notes falling due respectively one, two, three, four, and five months from their date, with interest at 6 per cent.

The contract provided that upon the…